EV investments: Ashok Leyland, an Indian truck manufacturer,
is looking to pump $61.5 Mn-$77 Mn (INR 400 Cr-INR 500 Cr) into its electric
vehicle business over the next three to five years. (Read here).
Hong Kong Billionaire Li Ka-Shing agreed
to buy shares in O Luxe Holdings Ltd. for the second time in a month, a deal
that would make Hong Kong’s richest man the second-largest investor in the
owner of an electric-car maker. (Read here).
Indian government to procure another 20,000 electric cars for its fleet. (Read here).

EV charging infrastructure investments: BMW Group, Daimler,
Ford Motor Company, and the Volkswagen Group will join up to create a
high-power charging network for electric vehicles called “Ionity,” which will build and operate around
400 charging stations across Europe by 2020. (Read here).
Indian government invites snap bid for electric vehicle chargers. (Read here).

Autonomous driving: Waymo is investing a lot of time and
effort on building out the user experience of its self-driving vehicles, which
includes both the external and internal user-facing features of its autonomous
cars. (Read here).
Delphi partners with leading Chinese map and location service supplier,
AutoNav. This will enhance Delphi’s
support to customers in the Chinese market on connected infotainment and
navigation systems and will lay a
foundation for Delphi to bring automated driving systems to the Chinese market.
(Read here).
Germany has developed a set of ethical guidelines for self-driving cars. (Read here).

Connected cars: Ford is partnering with Qualcomm, AT&T, and Nokia to test cellular modems
that can connect vehicles to each other and roadside infrastructure to help
navigate in bad weather or construction zones. The technology, known as
cellular-V2X, is meant to connect vehicles with traffic lights, roadside beacons, and other vehicles to share real-time information about the driving
conditions around them. It's supposed to improve safety and help speed the
deployment of self-driving vehicles. (Read here).

Railways

Technology investments: China’s hybrid electric tram powered
by hydrogen (H2) fuel cells has begun commercial operation. It is the first commercial H2-powered tram in the world and
made by CRRC. It can be refilled with H2 in 15 minutes and can run for 40
kilometers at a maximum speed of 70 km per hour. (Read here).

MRO: Aviation MRO companies want 18% GST scrapped. (Read here).
In 2016, Indian airlines spent $950 m on MRO,
but only 10% business came to Indian MRO companies. MRO business has an
exponential growth potential in India. Global civil aircraft fleet was about
19,000 at the beginning of 2016, and it will be double to 38000+ by 2034. The
majority of growth in aircraft will come from Asia.

Testing: Airbus has wrapped up functional, and reliability testing for its A350-1000 and is expecting to achieve certification for the twinjet
this month. (Read here).

Business model: Grab, the Uber rival in Southeast Asia, is
now officially also a digital payments company. (Read here).

Telecom/
Semiconductor

Business model: Orange launches its own bank in France,
aiming to win 2million users (25 percent of France's online banking market) by
capitalizing on the rising use of smartphones. (Read here).

Legacy infrastructure: Indian Telecom major Airtel is likely
to shut down 3G network faster than 2G network in next 3-4 years. There are
still 50 per cent of phone being shipped out in India that are feature phones. (Read
here).
So 2G will continue for some more time but 3G will be replaced by 4G very soon.

M&A/ consolidation: Broadcom Ltd. is considering a bid
of more than $100 billion for Qualcomm in what would be the biggest-ever
takeover of a chipmaker. (Read here).

Contract: Bell and Howell has selected the ThingWorx
industrial innovation platform to transform its service organization by
enabling remote monitoring and service of its connected industrial mechatronic
machines. (Read here).

PLM / Industry 4.0

Startup/ Technology invetsments: Rockwell Automation announced
its investment in The Hive, a Silicon Valley innovation fund and co-creation
studio, to gain access to an ecosystem of innovators and technology start-ups
with a focus on applications of artificial intelligence (AI) to industrial
automation. (Read here).

Others

Service provider M&A: QuEST has announced the
acquisition of IT Six Global, a Romania based engineering services provider.
(Read here).